School is in, don’t miss the bus!

Don’t miss the bus! That is, the bus of home buying while rates are low! There is talk about the treasury going up and we may find interest rates over 5% ! Gosh, that sounds crazy. An interest rate of 5% is really great but we’ve gotten spoiled with rates between 3% & 4.95% for several years. When Broker/Owner Lori Todd started in the real estate industry back in 1990, rates were 8% and when Choice Realty was established in 2002, rates were 7%. In the 1980’s, rates were double digits! So, maybe 5% isn’t so bad after all! But, why wait?! Inventory has improved a little bit as people have been busy with vacations and back-to-school time so there is more to choose from and typically this time of year, sellers are more serious and ready to sell. Searching in September allows buyers to make offer, get financing and close before the holidays (ummm… bad weather) arrives. So, if you’re thinking of moving, our sales team offers a free consultation to discuss time lines, goals, needs/wants, and the overall process.